Indexes Fall on Investor Selling

After eking out gains for most of the week, bank stocks fell Friday as investors took profits.

The KBW Bank Index fell 1.15% and ended the week up less than 1%.

The Dow Jones industrial average fell 0.23%, and the Standard & Poor's 500 index 0.14% despite a report that the Reuters/University of Michigan consumer confidence index had jumped in early September to 70.2, from 65.7 in August.

"Consumers are not likely to boost purchases of big-ticket discretionary items until they feel more confident about their employment and income prospects," the economists wrote. "As a result, the rise in consumer sentiment likely does not point to any major shift in consumer spending."